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CenturyLink puts consumer business up for sale after Q1 loss of USD 6.2 bln

2019-05-09 09:26:00| Telecompaper Headlines

(Telecompaper) CenturyLink reported a net loss of nearly USD 6.2 billion for the first quarter, after impairment charges of USD 6.5 billion to write down asset values following a drop in its share price. The US operator also announced a strategic review of its consumer business, to look at alternatives to owning the activities. 

Tags: business sale loss consumer

 

Equinix to spend up to USD 1.9 bln in 2019 on new, expanding sites

2019-05-08 16:00:00| Telecompaper Headlines

(Telecompaper) Data centre operator Equinix has confirmed plans to open 12 new data centres and expand 23 existing sites in 2019. The investments will cost an estimated USD 1.730-1.920 billion in non-recurring capital expenditure. 

Tags: sites usd spend expanding

 
 

Zayo accepts USD 14.3 bln takeover offer from Digital Colony, EQT

2019-05-08 14:18:00| Telecompaper Headlines

(Telecompaper) Zayo has confirmed a deal to be acquired by the infrastructure investors Digital Colony and EQT Infrastructure for USD 14.3 billion. The new owners said they plan to continue Zayo's strategy and keep the private company based in Colorado. 

Tags: offer digital usd accepts

 

Telenor to merge Asian operations with Axiata, sees USD 5 bln in synergies

2019-05-06 09:26:00| Telecompaper Headlines

(Telecompaper) Telenor Group and Axiata Group announced talks on a potential non-cash merger of their telecom and infrastructure assets in Asia, in which Telenor would take a majority stake. The MergeCo would have its HQ in Malaysia and would serve nearly 300 million customers using approximately 60,000 towers in nine countries in Asia. 

Tags: operations usd asian sees

 

Disney sells 21 regional sports networks to Sinclair in deal valued at USD 10.6 bln

2019-05-06 09:14:00| Telecompaper Headlines

(Telecompaper) Disney said it has sold the 21 regional sports networks it acquired at the time it bought 21st Century Fox to the Sinclair Broadcast Group, for a total value of USD 10.6 billion. The total price reflects a purchase price of USD 9.6 billion and adjustments for minority equity interests. The deal will complete after receiving the usual closing conditions, including the approval of the US Department of Justice. It has been unanimously approved by the voard of directors of both Sinclair and Disney.

Tags: sports deal regional networks

 

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